Applied Optoelectronics Cuts Q1 Revenue Outlook

(RTTNews) - Applied Optoelectronics, Inc. (AAOI) said Monday that it now expects first quarter revenue to be in the range of $30.0 million to $30.3 million, compared to its prior guidance of $35.0 million to $36.5 million.

Analysts polled by Thomson Reuters expect the company to post revenue of $35.56 million for the first quarter.

"We are very disappointed to report preliminary revenue results below our expectations. Our first quarter revenue was impacted by continued supply constraints for an externally sourced optical sub-assembly for a 40 Gbps data center transceiver," said Dr. Thompson Lin, Applied Optoelectronics founder and CEO.